Housing prices back on the up

THE UK’S housing market shifted up a gear in February, Hometrack said this morning.

On average, house prices inched up 0.1 per cent during February, according to data from Hometrack, after staying flat in January.

But house price growth was not the only indicator of a healthy housing market. Some 14.3 per cent more new buyers registered with agents during the month, while sales boomed 25.4 per cent with the season. And the time on market needed to achieve a sale edged down to 9.7 weeks, from an average of 9.9 weeks in January.